WTO Delays Its Decision
In Dispute Over U.S. Tax

By

Geoff Winestock Staff Reporter of The Wall Street Journal

Updated June 17, 2002 12:01 a.m. ET

BRUSSELS -- The World Trade Organization delayed a decision until late in July on a trade dispute over tax law in which the European Union is threatening to impose billions of dollars in trade sanctions against U.S. exports.

A WTO panel was due to rule Monday on the amount of retaliatory sanctions the EU could impose on the U.S. for failing to comply with an earlier ruling condemning tax breaks to U.S. exporters. But trade officials...